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Share Capital and Share Premium (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of classes of share capital [abstract]  
Authorised share capital

 

         December 31,

 

2019

2018

2017

Authorised share capital:

 

 

 

500,000,000 Common shares of par value $0.004 each

2,000

2,000

2,000

100,000,000 Class B Common shares of par value $0.001 each

100

100

100

100,000,000 Preferred shares of par value $0.001 each

100

100

100

Total authorised share capital

2,200

2,200

2,200

 

Common shares issued and fully paid

Common Shares issued and fully paid

Number of shares

USD

As at January 1, 2017

262,755

1

Issued during the year for share based compensation (note 12)

2,094

-

Issuance of common stock

2,750,000

11

Issuance of common stock due to exercise of warrants

148,181

1

As at December 31, 2017

3,163,030

13

Issued during the year for share based compensation (note 12)

8,797

-

Issuance of common stock due to exercise of warrants

37,500

-

As at December 31, 2018

3,209,327

13

Issued during the year for share based compensation (note 12)

17,998

-

Issuance of common stock due to conversion of loan

1,999,834

8

As at December 31, 2019

5,227,159

21